Caterpillar earnings top expectations, but its CEO warns about 'global economic uncertainty.'
fell on Friday after reporting a revenue miss in the fourth quarter, citing "global economic uncertainty."
"We expect continued global economic uncertainty to pressure sales to users in 2020 and cause dealers to further reduce inventories," Umpleby said in a statement. "We have improved our lead times and remain prepared to respond quickly to any positive or negative changes in customer demand."
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